Austin, TX-based Episode Six (E6), a leading provider of enterprise-grade payment processing and digital ledger infrastructure, announced a successful Series C funding round, raising an impressive $48 million.
Avenir, a growth-stage investment firm, led the funding round, with participation from Anthos Capital, a prominent consumer and technology investment firm. This significant investment will strengthen Episode Six’s position in the dynamic payments and banking infrastructure market.
Founded in 2015 by John Mitchell, Chermaine Hu, and Futeh Kao, Episode Six offers groundbreaking solutions to overcome the limitations of legacy payments technology.
Their platform, TRITIUM®, provides banks and companies with real-time adaptability and rapid delivery of payment solutions. Notably, Episode Six’s platform has gained significant traction among the top 50 global banks, validating its ability to augment existing infrastructures.
Expanding its Global Footprint
Episode Six operates globally, with a presence in 38 countries, including the United States, Europe, Japan, Singapore, Hong Kong, and Australia. By leveraging this extensive global reach, Episode Six delivers cutting-edge payment processing and digital ledger infrastructure to banks and businesses worldwide.
This global expansion allows financial institutions to streamline processes, reduce costs, and enhance security, ensuring they meet evolving customer needs and maintain a competitive edge.
With the newly secured Series C funding, Episode Six is poised for further expansion. The company plans to bolster its go-to-market efforts and scale its business, driving digital transformation for banks and companies operating within the payments space.
Episode Six’s credibility and industry recognition are underscored by partnerships with renowned financial institutions, including First Fidelity Bank, TransPecos Banks, and Montonio. These partnerships have successfully utilized Episode Six’s platform to create real-time payment systems, launch credit card offerings, and power credit card processing and acquiring.
Future-proofing Financial Institutions
As the adoption of digital payments accelerates, financial institutions face significant challenges associated with legacy technology and rising costs. Episode Six is at the forefront of addressing these challenges by modernizing payments and banking infrastructure.
Their solutions offer flexibility, adaptability, and resilience, empowering financial institutions to navigate the demands of modern payment systems while embracing digital innovation.
Episode Six’s commitment to long-term business management has proven its resilience and adaptability, even during challenging times like the pandemic. The company expects to expand its team from 150 to 200 employees by the end of the year, further solidifying its position as a leader in the payments industry.
With a total funding of approximately $148 million, including the recent Series C investment, Episode Six’s capacity to attract significant investments reflects investor confidence in its innovative solutions and exponential growth potential.